Awning Raises $9.3M to Help Individuals Invest in Single Family Homes

Hi there -- Shri, founder of Awning, here.

Opendoor helps sellers of primary residences sell their homes without putting them on the market. They also help individuals buy primary residences that they've purchased.

We're helping individuals buy Single Family Homes as rental properties from the market, helping with all aspects of purchasing and managing rental.

When you work with Awning, you're assigned an Awning Advisor, a licensed real estate agent, who understands your financial goals with real estate. They then ensure that Awning is finding the best properties for you to purchase as a rental home. Awning agents only work with individual investors on our platform meaning they have a lot more expertise in the investing domain than a traditional residential real estate agent. They're salaried and receive benefits as well!

All of the properties on our platform have been curated by a combination of our algorithms and team and they come with a picture of their estimated financial returns, including numbers like the expenses you'd have maintaining the property as a rental and the rental income you'd yield. We've spent a lot of time building systems to analyze every listing on the market and surface the best deals -- something that the best firms on Wall Street have built themselves but haven't given retail investors access to. We're democratizing access to the speed and data these investors have.

Once you've purchased a property with us, we connect you with a vetted property manager who manages your rental day-to-day, dealing with maintenance requests & finding a tenant.

Since we're a licensed brokerage representing our customers, we don't have to charge any extra fees for our service -- we make money through the commission fee that's included in every listing on the market, regardless of which brokerage you buy it with.

Let me know if you have any other questions -- hope that's helpful!

Thank you! <3

Thank you!

Thank you!

Thank you!

Thank you!

Thank you!!